Forex Flash: EUR/USD trades with fundamentals on the back seat – TD Securities

FXstreet.com (Barcelona) - TD Securities analysts believe the euro and the other European currencies are being the most affected by the fall in equities today. “Considering that the single currency managed to move higher yesterday in the aftermath of the confirmation that it is in an official recession, we are clearly in an environment where fundamentals have taken a back seat”, they wrote, eyeing Tuesday’s low of 1.2662 as support and expecting the 200-day moving average, near 1.2810, to act as resistance.

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